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Home»BITCOIN NEWS»Analysts predict a 21,700% rise to $17.
BITCOIN NEWS

Analysts predict a 21,700% rise to $17.

By Crypto FlexsJune 9, 20243 Mins Read
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Analysts predict a 21,700% rise to .
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Cryptocurrency analyst Javon Marks We made very optimistic predictions about . DogCoin price In this bull market. Analysts claim that the best meme coins can achieve these ambitious heights based on their performance in the market. previous market cycle.

Dogecoin rises to $17 in this bull market

score shared This is a chart from the Analysts made this forecast based on: Dogecoin’s Historical Breakout TrendIn every subsequent bull market, meme coins showed greater gains.

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Source: X

During the 2017 bull market, Dogecoin reportedly enjoyed a price increase of over 7,100%, while the meme coin has seen a 22,800% price swing during the 2021 bull market. Therefore, Marks believes that Dogecoin will achieve greater results in this space. bull running An increase up to $17 is possible from 2021.

But some of his followers trust It is highly unlikely that Dogecoin will rise to such heights. Circulating current supply, which would bring the market capitalization of meme coins to over $2 trillion. Marks’ ambitious price prediction is therefore called into question, considering how much the cryptocurrency market would have to explode before DOGE has such a market cap.

However, other cryptocurrency analysts: Kevin (formerly Yomi OG) Although I can’t compare to Marks, I did share a bullish price prediction for Dogecoin. Kevin predict The best meme coin could rise above $3 this market cycle. He made this prediction while alluding to Dogecoin’s price action in previous cycles.

The analyst argued: Dogecoin It has never failed to meet or surpass the 1.618 macro FIB extension, measured from the previous bull market high to the bear market low. Dogecoin’s current 1.1618 FIB level is said to be $3.80, which means it could rise to this price level during this bull market.

A more optimistic story for DOGE

Kevin recently revealed X post Dogecoin “is seeing huge weekly strength differences” Stoch RSI (Relative Strength Index).” He also noted: Dogecoin He added that it is currently forming a higher low and that DOGE has finally crossed the bullish level at $0.08. Based on this, he claims that a big move for the best meme coin is about to happen.

Dogecoin 2
Source: X

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Cryptocurrency analyst Crypto Kaleo also Recently predicted Dogecoin will outperform Bitcoin this market cycle. He also said that this is a meme supercycle and the “King of Memes” will not be left behind. In another X post he assert Dogecoin appears poised for a parabolic rise.

Dogecoin price chart on Tradingview.com
DOGE price trend below $0.15 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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